How rare are rubies compared to diamonds?

Rubies are less common than sapphire, and both gemstones are varieties of corundum, coloured by different impurities and therefore forming in different deposits. Like diamond, corundum is mined as an industrial mineral for its hardness (just as is diamond). It is not a rarer mineral than diamond in the Earth’s crust.Click to see full answer. People also ask, are rubies more valuable than diamonds?Large, gem-quality rubies can be more valuable than comparably sized diamonds and are certainly rarer. In fact, smaller blue sapphires (1-3 cts) are relatively abundant compared to small, gem-quality rubies. As a result, even small rubies have relatively high values. Origin and color greatly affect the value of a ruby.Subsequently, question is, how rare is a ruby? All rubies are rare, but those from Myanmar (formerly Burma) set the standard for quality and color. They are also exceptionally scarce. Secondly, which is more rare ruby or diamond? “Many colored gemstones are much more valuable than a diamond, but it all depends on the quality of course. A ruby is rarer and more expensive.” An emerald is rarer than a diamond by far, and large emeralds are very expensive and exceed the costs of diamonds, but they don’t have the same ability to take wear and tear.”Is a diamond a ruby?A ruby is a pink to blood-red colored gemstone, a variety of the mineral corundum (aluminium oxide). Other varieties of gem-quality corundum are called sapphires. Ruby is one of the traditional cardinal gems, together with amethyst, sapphire, emerald, and diamond. The word ruby comes from ruber, Latin for red.